News Archive
Interim Results for the six months to 30th June 2008
Eden Research plc (PLUSMARKETS:EDE), a leading UK agrochemical development company, today announces its interim results for six months ended 30th June 2008. Eden’s strategy is focused on the development and commercialization of terpene-based technology for agricultural use.
Business Highlights
- Advanced discussions on-going with significant distributors to complete deals in other specialist markets such as Africa and Asia
- Testing continues to highlight the benefits of our naturally based products with several new crops being investigated as part of the label extension process
- Key project areas being investigated include controlling a range of pests such as nematodes, spider mites and whitefly in a range of high value glasshouse crops
- Several new project areas under investigation as part of our long term R&D strategy to ensure continued new product concepts being developed over the coming years
Financial Highlights
- Loss for the period of £1,394,000 (2007: £837,000), in line with the Company’s expectations
- Turnover for the period of £84,000 (2007: £340,000), being the milestone payment for the successful vinification report for Cheminova
- Administrative expenses £819,000 (2007: £555,000), reflecting the strengthening of the Board, management team and increased development of Eden’s IP portfolio
Tim Griffiths, Eden’s Chief Executive said:
“We are pleased with the progress made in respect of commercialisation of our lead product and the start of significant new projects to control very damaging pests in a variety of high value agricultural and horticultural crops. By focusing our development on key strategic global pest control solutions we will be able to create value in all the major food producing areas worldwide.”
For further information:
Tim Griffiths, Chief Executive, Eden Research plc
T: 01993 868844
Matthew Robinson/Rose Herbert, FinnCap
T: 020 7600 1658